What is lump sum in SAP IS-H - SAP for Healthcare?

SAP Term: lump sum

• Component: IS-H

• Component Name: SAP for Healthcare

• Description: SAP Healthcare - Industry-Specific Components for Hospitals Flat-rate amount paid for a treatment.

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• Key Concepts: 
  Lump sum is a payment method used in the IS-H SAP for Healthcare module. It is a fixed amount of money that is paid in one single payment, rather than in installments. This payment method is often used when the exact cost of a service or product is known in advance. 
  
  How to use it: 
  In IS-H SAP for Healthcare, lump sum payments can be used to pay for services or products that have a fixed cost. This payment method can be used to pay for medical treatments, medications, and other healthcare services. The lump sum amount must be agreed upon by both parties before the payment is made. 
  
  Tips & Tricks: 
  When using lump sum payments, it is important to ensure that the amount being paid is accurate and fair. It is also important to keep track of all payments made using this method, as they cannot be refunded or adjusted once they have been made. 
  
  Related Information: 
  Lump sum payments are just one of many payment methods available in IS-H SAP for Healthcare. Other payment methods include installment payments, credit card payments, and direct debit payments.